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Cointelegraph Secret Code Contest!



The Cointelegraph has announced that there will be a competition for their followers.

Cointelegraph Bitcoin Contest

The competition will take place every day, except weekends until December 5. They will put three symbols of a 27 digit code inside three of their articles and the viewers have to collect those codes.


The codes have to be in order of appearance in the articles.

The terms and conditions are the following:

  • To participate in the competition, you should repost this message and keep it on your Twitter page until the end of the contest.
  • You need to collect all symbols of the 27 digit code in order of their appearance in the articles and post the right answer faster than anyone using hashtag #CT_SecretCode.
  • You must be subscribed to the Cointelegraph’s Twitter page.
  • We would like to draw your attention to the fact that answers posted from dubious accounts will not be considered.

Symbols will start to appear from Nov. 23 00:00 UTC. up until Dec.5 00:00 UTC.

The winner will get 0.05 BTC.

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Bitcoin: $50K Before Crash, Says Jordan Belfort




Jordan Belfort, or “Wolf of Wall Street” has shown some doubt concerning Bitcoin’s price.

Belfort’s Opinion


Belfort said that he does not believe that Bitcoin is a scam, however he thinks that the cryptocurrency is a good tool for manipulation.

He believes that the rising price of BTC can be attributed to wild speculation because of what he sees as improper use of the cryptocurrency:

“Something [BTC] was designed to be used as a currency, and it’s being used as an investment vehicle […] As a currency, Bitcoin is no more useful at $20,000 or $100.”

“The Wolf” has spoken negatively about the potential for manipulating digital currency markets due to the thinness of the market. He referred to the case of Olaf Carlson-Wee, an early Bitcoin enthusiast who was paid in cryptocurrency when working at Coinbase back in 2013.

Belfort’s predictions rest on the fact that while Bitcoin is, in his words, a “wolf in sheep’s clothing,”  it also “might go to $50,000” before what he is certain will be its fall to $0.

He previously said that Bitcoin was problematic due to hackers having easy access to the currency. He also said in October that ICOs were the “biggest scams ever.”

Belfort is not a Bitcoin investor.

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Bitcoin Google Searches are Low




One of DataTrek Research’s finest Nicholas Colas, has been talking about the fact that Google searches for Bitcoin have significantly dropped recently.

Google Search

“Going into December, the Google searches skyrocket. You saw that correlate to the total increased number of wallet growth,” Colas said in an interview/conversation with the CNBC.

But, as the cryptocurrency community has seen a bearish short term downtrend, interest in the crypto has apparently started to cool off in the mainstream world.

“Bitcoin” searches are down by 75 percent from their comfortable spot just a few weeks ago, per Colas. And he doesn’t seem to be waiting for any signs of a resurgence of interest any time soon, as he states:

“It’s very much a case where you have to hold interest in new bitcoin owners to get bitcoin to go up. Right now [Google] is telling me there’s not really that next leg up in bitcoin because there’s not that leg up in interest that leads to wallet growth that leads to price appreciation.”

Maybe it’s not such bad news for the famous cryptocurrency, however it does indicate that its mainstream presence has gone quite a bit, since any newcomer would be tempted to see, “what is Bitcoin?”. But since there are no many searches it’s safe to say that interest is not as strong as it once was, at least for now

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Hileman on Bitcoin Regulation Threat




The eyes are on Bitcoin, Ripple and ethereum for regulations, Dr Garrick Hileman believes these regulations are inevitable.

Hileman Warns of Coming Threat

Hileman has warned people, specially investors about a regulatory crackdown.

He said: “Many regulators are trying to strike the right balance here between not crushing the sector and allowing innovation to foster and attract new investment to their local economies, job growth, etcetera.”

“But also trying to protect investors who are entering the space who may not have not have the resources to fully vet some of the purchases they are making.”

“It’s a really tricky balancing act for regulators.”

UK Prime Minister Theresa May stated that cryptocurrencies demand a tight regulation.

She said:

“We should be look at these very seriously – precisely because of the way they can be used, particularly by criminals.”

Dr Hileman also talked about taxes, saying that:

“From a regulatory perspective, we are seeing growing interest from tax authorities.

“Securities regulators have been the main focus for the past six months or so, but tax authorities are getting more interested in crypto with the incredible appreciation.”

Crypto firms seem to be working in order to “radically increase the number of transactions that can be processed on their networks”.

He said:

“That could make them much more viable for scaling up to Visa-level types of activity.”

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